Zepto is anticipated to raise $300–350 million in a financing round led by DST Global and Lightspeed, valuing the start-up at $2.5–3 billion
Zepto is anticipated to raise $300–350 million in a financing round led by DST Global and Lightspeed, valuing the start-up at $2.5–3 billion
06/12/24, 9:02 AM
Location
indiaMoney raised
$325 million
Investors
Nexus Venture Partners, General Atlantic, Abu Dhabi Investment Authority (Adia), Lightspeed Venture Partners, Dst Global
Zepto's current funding round is anticipated to include participation from DST Global, Lightspeed Venture Partners, Abu Dhabi Investment Authority (ADIA), General Atlantic, and a group of private equity funds. The round, which kicked off in April, has attracted the interest of many bulge-bracket investors.
Company Info
Location
india
Additional Info
The startup, whose name playfully uses a mathematical term to describe the business, offers a 10-minute grocery delivery service. 19-year-old Palicha said these dark stores, which the startup has set up and owns, are designed and optimized for fast deliveries. Nexus and Y Combinator as well as angel investors Lachy Groom, Neeraj Arora, and Manik Gupta participated in the round, which according to two people familiar with the matter, values Zepto between $200 million and $300 million.